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What is the equilibrium number of floors

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The total revenue from a building is R(h) = 5400 * ln(h) where ln(.) is the natural logarithm and h is the building height in floors. The total construction cost is C(h) = 1000 + 3h2 implying an MC of mc(h)=6h and MB of mb(h) = 5400/h. What is the equilibrium number of floors? Show your working and illustrate with one appropriate diagram.

Reference no: EM133132253

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